Green Thumb Industries (OTCMKTS:GTBIF) Upgraded at Roth Capital

Roth Capital upgraded shares of Green Thumb Industries (OTCMKTS:GTBIF) to a strong-buy rating in a research note released on Sunday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Craig Hallum raised Green Thumb Industries to a “strong-buy” rating in a report on Monday, September 16th. Ventum Cap Mkts raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Green Thumb Industries presently has a consensus rating of “Strong Buy” and a consensus target price of $16.50.

Green Thumb Industries Stock Up 14.7 %

GTBIF opened at $8.95 on Friday. The firm has a market capitalization of $1.89 billion, a P/E ratio of 33.15 and a beta of 1.40. The firm’s 50 day moving average is $10.24 and its 200-day moving average is $11.12. Green Thumb Industries has a 52-week low of $7.50 and a 52-week high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $286.87 million during the quarter, compared to analyst estimates of $283.96 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. Equities analysts expect that Green Thumb Industries will post 0.32 earnings per share for the current fiscal year.

Green Thumb Industries Company Profile

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.